FY2024 EPS Forecast for Intellicheck Reduced by Analyst

Intellicheck, Inc. (NYSE:IDN) – Research analysts at HC Wainwright reduced their FY2024 earnings per share estimates for shares of Intellicheck in a report released on Thursday, November 14th. HC Wainwright analyst S. Buck now anticipates that the company will post earnings of ($0.08) per share for the year, down from their previous forecast of ($0.03). HC Wainwright currently has a “Buy” rating and a $4.00 target price on the stock. The consensus estimate for Intellicheck’s current full-year earnings is ($0.07) per share. HC Wainwright also issued estimates for Intellicheck’s FY2025 earnings at ($0.05) EPS.

Several other research analysts have also commented on IDN. DA Davidson lowered Intellicheck from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $5.00 to $2.00 in a report on Friday, August 9th. StockNews.com downgraded shares of Intellicheck from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

Intellicheck Stock Performance

NYSE IDN opened at $2.41 on Monday. The stock’s fifty day moving average is $2.25 and its two-hundred day moving average is $2.74. The firm has a market capitalization of $47.07 million, a P/E ratio of -79.67 and a beta of 1.95. Intellicheck has a fifty-two week low of $1.65 and a fifty-two week high of $4.46.

Institutional Investors Weigh In On Intellicheck

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AIGH Capital Management LLC grew its holdings in shares of Intellicheck by 16.8% during the 2nd quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company’s stock worth $6,046,000 after purchasing an additional 253,706 shares during the period. Hilltop Holdings Inc. acquired a new position in Intellicheck in the third quarter valued at about $43,000. Dimensional Fund Advisors LP acquired a new position in Intellicheck in the second quarter valued at about $47,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Intellicheck during the first quarter valued at about $43,000. Finally, Garden State Investment Advisory Services LLC increased its position in shares of Intellicheck by 3.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock valued at $585,000 after acquiring an additional 9,500 shares during the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.

About Intellicheck

Intellicheck, Inc, a technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America. The company offers solutions for digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce and retail commerce businesses, law enforcement, and government agencies.